vancouverregion DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY Therewere4,816 detached listingsin theVancouver Region in February,6% aboveJanuaryand 4% higher than February2022. February detached hom esalesincreased by 63% m onth-over-m onth,to 839,and were52% below February2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at17% ,reflected abalanced m arket. Thedetachedm edian pricein Februarywas$1,550,000, a7% increasefrom Januaryand 18% below February 2022. Theaveragesold pricewas$1,815,326,8% abovelast m onth and down 15% toFebruary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 15% VS 2022
▼ 18% VS 2022
▲ 4% VS 2022
▼ 52% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17% 839 4,816
1,747 4,609
-15% -18% -54% -52% 4%
11% 514 4,553
54% 63% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,139,407 $1,885,000 38%
$1,674,222 $1,450,000
8% 7%
$1,815,326 $1,550,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,630
7,232
6,847
7,416
6,495
6,997
5,942
1.84
1.80
1.79
5,512
6,329
4,816
1.51
4,786
4,609
4,553
1.39
1.33
2,312
1,747
1,084
906
888
803
1,561
634
514
1,281
839
873
857
$1.83M $1.80M $1.73M $1.89M
$1.65M $1.60M $1.53M $1.52M $1.54M $1.50M $1.50M
$1.45M $1.55M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
1200
1000
800
45%
600
40%
28%
400
22%
21%
19%
12%
11%
200
6%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+ 1,391 85 6%
S-L RATIO SALES INVENTORY
121 25 21%
67 13 19%
162 65 40%
291 132 45%
538 152 28%
1,037 227 22%
647 79 12%
562 61 11%
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